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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Zoltan! who wrote (121296)1/8/2001 2:55:57 PM
From: WTSherman  Read Replies (6) | Respond to of 769667
 
<Forget the "semi", you are an illiterate, and a fool.<

Here's a few more facts for you to consider:

When Ronald(BubbleHead the 1st)Reagan took office unemployment was 6.3% and U.S. debt was $1T. When George I left office unemployment was 7.3% and U.S. debt was $4.2T. The WHOLE BOOM you rave about consisted entirely of the government borrowing money to prop up its misplaced economic policies.

Now in comparison, under Bill Clinton unemployment went from 7.3% to 4.0% and the debt went from $4.2T to $3.9T.

So, you see(try and concentrate Zoltan) what you had under Bubblehead I was fake growth driven by gov't deficits. The fact that it was fake is demonstrated by the INCREASE in unemployment during 12 years of republican mismanagement of the economy. Conversely, under Clinton we had real growth with deficits down and unemployment down.

Want to bet that unemployment is higher when Bubblehead II leaves office in four years??/????



To: Zoltan! who wrote (121296)1/8/2001 8:53:36 PM
From: Kenneth E. Phillipps  Read Replies (2) | Respond to of 769667
 
"Slower GDP growth is not the same thing as no growth; a slightly higher
unemployment rate is not the same thing as high unemployment; and a very
modest uptick in measured inflation does not signal a return to accelerating
inflation,"

Jack Guynn, President of Federal Reserve Bank in Atlanta

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